Darden Restaurants, Inc. (DRI) Declares Quarterly Dividend of $0.50

23 Dec 2015 | Author: | No comments yet »

Darden Restaurants (DRI) Announces Quarterly Earnings Results, Beats Expectations By $0.12 EPS.

Meag Munich Ergo Kapitalanlagegesellschaft purchased a new position in Darden Restaurants, Inc. (NYSE:DRI) during the third quarter, according to its most recent 13F filing with the SEC. Maxim Group decreased their target price on Darden Restaurants from $72.00 to $71.00 and set a buy rating for the company in a research report on Wednesday, November 11th.

The company had revenue of $1608.80 million for the quarter, compared to analysts expectations of $1622.62 million.The company’s revenue was up 3.2% compared to the same quarter last year. Northcoast Asset Management now owns 439,793 shares of the restaurant operator’s stock worth $30,143,000 after buying an additional 108,385 shares in the last quarter.

Post opening the session at $59.4, the shares hit an intraday low of $58.39 and an intraday high of $60.05 and the price vacillated in this range throughout the day. This is why Zacks has built a simplified system to measure each of the ratings on a 1-5 scale, where number one is indicative of a Strong Buy, and number five means a Strong Sell. The Company’s restaurant brands include Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie V’s and Yard House. Through subsidiaries, the Company owns and operates all of its restaurants in the United States and Canada, except for three restaurants located in Florida and three restaurants in California, which are owned jointly by the Company and third parties, and managed by the Company, seven franchised restaurants in Puerto Rico and one Atlanta, Georgia airport location.

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